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markets incidentally, too. bond markets, the fixed income markets, here we're seeing buying in germany at the moment and 10-year german bund around 3%. a little bit of buying into the gild as well as some of the safe haven trades back on. we have this italian bond auction. the first one is going to be settled in 2013 and the last one in this year, as well. it's thought that it is going to see solid demand given that it hasn't gotten any trouble getting off the ground as of late with those bond auctions, as well. a quick wrap on the forex market. here you're looking at selling in the euro/dollar right now. 1.3190. we're flirting with the high level of this trading range that we've been stuck in. dollar/yen, it's thought when this new japanese government coming into place, they're simulating the economy and to make sure a weaker yen is in place, as well. kelly. >> louisa, thanks. we're keeping an eye on gold today. could the precious metal be losing its luster come 2013? we'll find out why kuts has decided to cut exposure to the precious metal for the first time. >>> hello, everybody. we
. among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal.
. an agreement still seems pretty elusive at this moment. germany and french finance ministers have very different views about oversight of banks. and in britain, the chancellor george osbourne delivers his statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the n
is that the youeuropeans are only able to do that because in fact the us army lives in germany and actually picks up their defense tab. you can't do it -- there's nobody to bail out america the way germany's bailing out europe. >> john boehner was on the program the other night. he said hey, i wasn't consulted about this latest offer. i wish i was. this talk about republican conservatives, tea party members that were purged from certain committees because they had a criteria list if they didn't meet or match the leadership vote schedule. is that a message to the more conservative way of the republican party? >> i think so. he's absolutely right to be disturbed about it. it's not john boehner's job to make this math add up. it's not john boehner's job to find ways of funding a three and a half or four trillion dollar budget. it's insane. if the democrats want to have a three and a half, four trillion dollar federal budget, fine. they can be the party of that. there ought to be a party that represents an alternative and john boehner is saying no, we'll help you close that gap. who needs the republican
is these countries, mainly germany to bail the rest of europe out. germany has balked at that quite a bit. merkel has an election coming up soon. i don't think you'll see germany doing a lot of bailing out the rest of europe. and europe is the number one global concern to this day. if europe doesn't do well, the rest of the world economy is going to suffer. >> gregg: what about japan? is it insolvent already? >> yeah. a lot of people believe so. that will be a big story in 2014. just recently japan announced that they are going to start printed ago lot of money and last week, you saw the yen drop in value 15% which means that, if what we are company exporting to japan that just hurts our sales quite a bit because the value of their yen is less. so not able to buy as many products which is then, gregg, to hurt our stock market because a lot of our growth comes outside our borders of the united states. this is is a problem that goes directly to nks 401-k plan. >> then there is china which is the growth juggernaut but it accelerated? >> in fact the beginning of the year they are looking at double-digit
cyanide. >>> germany's cabinet approving of delivery of patriot missiles to turkey, the move aimed to protect the nato member against possible syrian attacks. the western alliance decided to okay the move after mortar rounds and shells from syria killed five turks. the missiles are expected to arrive in turkey in five months. >>> the briefing on the situation in north korea as the rogue nation plans to launch a long-range missile. the nuclear armed regime claims they're just sending a satellite into orbit. washington sees it as a cover for missile tests possibly aimed at the u.s. those are the headlines, pretty serious ones at that. back to tracy. tracy: sure are. tracy, thank you very much. >>> smith & wesson reporting qarlt early results amid surging results in u.s. will they shoot a bull's-eye? they have rockin' black friday sales. >> unbelievable. gun applications way up. gun sales way up. particularly since the beginning of president obama's first term. there is lot of concern about gun laws and will our rights to own and bear arms go away? people have been buying up the guns.
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, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be addressed now on a comprehensive and efficient fashion. >> so what should this mean? i think i could interpret any given number, to think oh, that means we should not touch taxes for any bracts, because it's as much money as we could have in it, or this means that we need more stimulus to keep the jobs going, or i could look at the debt and say this means we need to cut spending, so what does it mean? what would you, and what globally, what would mean the most for the u.s. to do? >> you know what you said? you would qualify as an economist. on the one hand, on the other hand -- the truth of the matter is that the best way out of this would be a
's not from germany. a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> about 22 past the hour now. the first hint of snow is falling in pennsylvania. it will be heading to the northeast, weather channel meteorologist mike seidel live in new cumberland, pennsylvania. what are you seeing? what do we expect the next couple of days? >> light snow on the pennsylvania turnpike outside of harrisburg. travel fine, not that cold and hasn't snowed that much. this will be the first measurable snowfall for philadelphia. may get an inch of snow. new york city, times square, a couple of inches or so on the grassy services. 5 to 7. a winter storm for boston and snow will fall from dinner time to early on sunday morning. the areas where you got dumped wednesday morning, buffalo, syracuse, look for 3 to 6 inches, not the 10 to 15 you had. the major impact at the airports, already the three new york city airports, newark, laguardia, and kennedy, canceled 180 fli
at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of the year, jamie dimon buying jpmorgan when the whale hit. things looked really dark. some of the best trades happened obviously when it looked like the stocks were in for real trouble. >> look at the greek stock market. look at greek debt. i think it was third point that established a prominent position in greek debt and saw x number of returns thereafter. >> draw the lessons to today. as we teeter on the cliff, what would be the fear trade that people are shunning right now but may turn out to be the best trade looking back? >> i think it's something we already mentioned, and that's the defense sector. >> the sequestration sector is
expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> ringling brothers and barnum & bailey circus is celebrating a court victory today. back in 2000 several animal rights groups sued the circus claiming its elephants were abused. today one of the groups, the american society for the prevention of cruelty to animals, agreed to settle its part of the suit and pay the circus more than $9 million. the courts found out that animal rights activists had paid a former circus employee to bring the suit. >>> head to virginia where federal authorities revealed an enormous drug bust at dulles international airport. customs and border protection officers seized nearly 214 pounds of khat last week. khat is a dangerous stimula
home from germany to spend the holiday with us. >> reporter: and tomorrow is colby's 27th birthday. >> what's it like to celebrate your birthday at a playoff game like this? >> surreal feeling. it's great. to be here with the family and everybody. such a great game tonight. looking forward to a great victory. >> happy birthday to you, happy birthday to you! >> reporter: also in the group, gary, who was 45 today. >> do you think you'll get that birthday gift? >> i'm hoping they win at 12:00 so we both get the gift. >> reporter: the whole season has been a tasty gift for this ticket holder, who says he would have fired up the grill in the middle of a snowstorm for this game. >> i've been a season ticket holder six years, after being on the waiting list 16 years. so it's starting to pay off and see good games here. >> oh, yeah, i got a big enough coat. >> reporter: as he warmed up around the fire, earl barbie thanks the cold snap favors the skins over the cowboys. >> we're used to the cold. they're not used to that. they're in that warm weather, nice, in the dome and everything. this
actually ended up looking pretty darn good. germany up 30%. i mean, i look at that, and i say all of the fear that was out there including the euro stocks, 600 did unbelievably beautifully. and you say, my goodness, if you went toward the worst, most fearsome place, europe, you would have done way better than here in the u.s.. >> yeah, absolutely. well, it's like everything that happens in nature as well as the markets and the equity markets. when things get stretched too far one way, they will come back to a happy medium. we saw that in the equity markets this year. they were the best performing asset classes of all the places you could put your money, and it's not without knowing what's going on when you had unprecedented types of money flows coming from central banks around the globe, that money had to go somewhere. the u.s. market has performed very well. by the time we get done today, especially on the fiscal cliff talks, we're going to be up about 14% in the s&p 500. the leaders in that were, of course, financials, tech and consumer discretionary. they performed very, very w
, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just onreason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risksfees and expenses to read and consider carefully before investing. why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a drmouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps moisten those areas that have become dry. those that are suffering can rtainly benefit from biotene. adam: in the mid of all the fiscal cliff frustration there is actually a silver lining. if your knew year's resolution to purchase a house you may be in luck. on again, off again deal may be pushing mortgage rates even lower. average fixed year is.35%, t
, it is 33%, in germany, in its 29%. from april of 2014, the corporation tax rate will stand at 21%. this is the lowest rate of any major western economy. it is an advert for our country that says come here, investor, britain is open for business. [cheers] [applause] mr. speaker, we will not pass the benefits on to banks and ensure that we meet our revenue commitment. it will be increased next year. making things contribute more as part of our major reform of the banking system. we also have to be on the side of those who want to work hard. i know how difficult many families have gone the cost of living. we have had to save money. but whenever we have been able to help, we have. we have helped counsel for two years running. and we are helping them to freeze again next year. we put a cap on the rises for the next two years. so commuters are not punished for traveling to work. we are forcing energy companies to families onto the lowest part of the gas and electricity bill. and we help those. fuel is cheaper than it would've been if we started the labor crack down. [cheers] and i want
at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was back in 2011. i just want to ask, is it better to own those low-rate bonds right now? or jim la camp, i want you both to weigh in quickly. is it better to own corporate bonds or treasury bonds during this tiff over the fiscal cliff, or is it better to own stocks? real quick. >> well, short term we're going to have a lot of gyrations. but those yields are under the inflation rate. you're getting negative real returns on these. that's one of the reasons the stock market has been more buoyant. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16
alka-seltzer on facebook. [ male announcer ] a european-inspired suspension, but it's not from germany. a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ >>> we're back with senators mark warner and kelli ayotte. final wrap-up question. do you both agree with the following? this deal has to happen and this deal will happen before the end of the year. >> it has to happen, candy, and i truly hope that it does happen, and -- but i'm really disappointed by the president's initial proposal, and i think that we've got to get beyond, you know, the tax rate issue. i just want to say one thing. republicans have offered closing loopholes, deductions, or capping deductions. there's more revenue there. the tax rate issue is more of a political proef. it's time for us to get to the table and resolve it. i think there's some will, though, among both parties to get this done. >> i hi it will get done. quite honestly, fwegt this done will do more to jump-star
estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> typically a doomsday plan, it is meant to help you survive the thing that happens after doomsday. during the cold war, the u.s. had a doomsday plan meant to protect the president and ensure the continued functions of the u.s. government. in the event of a nuclear attack. so nuclear attack, your doomsday happens
sweeper's coat. happy new year from germany. >>> regarding the impending fiscal cliff, we have seen a lot coming from washington, but what about the boss? and by that i mean the american people, and they are angry. josh levs is covering that part of the story and he joins us now. >> yes, we are seeing a lot of frustration and anger, and that is a big part of the story in the country right now. we are following a lot of the developments and reading the tea leaves in washington, but the fact is that around the country, the mounting frustration and concern about what could happen to you and your taxes and a lot of people are sounding off. we have been getting a lot of videos today and ireport, and take a look at this one. >> my mes sang to all of washington for the new year is partisanship aside and working on fixing this mess that you have gotten us into. and bring a ball lapsed budget to the table and fix it in the long term and not the short term. >> this one struck me today because it got us thinking to the young people in the country and what the message the congress is sending to the y
's coat. happy new year, from germany. >>> now let's check in with randi kaye, who's in for anderson cooper with a look ahead at what's on "a.c. 360". >> we're keeping 'em honest ton the program. a 360 follow on a story that stunned all of us. people who are trying to capitalize on the tragedy of newtown. this woman has been arrested, accused of lying to federal agents. you'll hear some of the things she sent out on her e-mails, playing on people's kindness, trying to get money. s and also, late word that president obama will meet with congressional leaders tomorrow. keeping 'em honest, with both sides caught in a trap of their own making? we'll go live to the white house and capitol hill for the latest. and take a look at this, a tornado from the storm system that created holiday havoc across the country and it's not over yet. those stories plus the top ridiculist of 2012. it's all at the top of the hour, john. zp >> thank you, randi. we'll be watching. appreciate it. >>> our fifth story, outfront tonight, the viral political videos of 2012. now, there was no shortage of partisan no
to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i
.8%, germany 1.3%, switzerland, which doesn't have enough bonds to make a difference is about 0.5%. portugal at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion depending on what type of interest rate or discount rate you use for those future liabilities. and that's something that we have some time to address but perhaps more important than the immediate deficit reduction for a lot of institutional investors including ourselves. >> all right, sean. to jim for a second. your firm manages a lot of money for individual and institutional investors. what have they been
partners such as germany, but understanding that things have to change. economist hardouvelis says greeks just need to believe that what's happening now really is leading toward a better future. >> once the depression stops and once the people start seeing the light at the end of the tunnel, then things will turn around. >> brown: is that your hope? or is it a forecast? >> i think in a year and a half we'll see stability. and the big question is whether the political system will be able to accommodate that period. >> brown: a year and a half more at best. small comfort for stelios karaglilanis and his family, facing the onset of winter-- it's too expensive to turn on the heat, he told us-- and a christmas unlike any he'd ever imagined. >> brown: there's more online from my reporting trip, including conversations with greek writers. find that on our poetry and art beat pages. >> warner: we return to our series of different voices and viewpoints on the nation's fiscal cliff debate. tea party activists took aim at government spending three years ago, with protests and rallies in washington a
, but it's not from germany. a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> have you ever been to hobby lobby? if you're in the market for fake flowers or beads or yarn, you may find yourself in a hobby lobby. now, me, i'm not so good at the crafting. this is my handwriting. i can barely use a pen, much less actually fold anything or use scissors. you don't want me around scissors. but many americans do know their way around a hot glue gun, as evidenced by the existence of 525 of these hobby lobby stores spread all across the country. the hobby lobby chain was founded by a guy named david green. he's still the ceo and worth $4.5 billion, which is a lot. according to the store's statement of purpose, however, mr. green's main goal in founding his crafting empire was to sell scrapbooks or construction paper or even to make billions of dollars. it was to honor the lord and operate the company in a manner consistent with biblical principle
it, but whether or not you alter it in a way that protects bases in germany and unneeded nuclear weapons and prolongation of the war in afghanistan, and instead make more cuts elsewhere. >> you know what the republicans, particularly conservative republicans, are arguing, and a couple of them rand paul, pat toomey, put out statements after these negotiations shut down tonight and basically said, look, here's what democrats want. democrats want essentially to take more money from the wealthy, from the top few percent, to pay for more government spending that doesn't help us with the deficit. and you hear members of congress, your republican colleagues who say, in my district, they don't want more spending. and that's how they see this money being spent. >> two things i would say. first of all, that is not the democratic position. no one that i know of is arguing that all of the increased revenue should go for increased spending nap simply isn't the case. by the way not having the sequester doesn't mean increased spending. it mean not having spending cuts. i voted against the idea
nal bell and serving in germany and want to say to my sister, happy holidays and best wishes in norfolk, virginia. everyone loves surprise parties. yeah, so last week we had a surprise party for our dear friend, lizzy. surprise! surprise! surprise! surprise! we totally got her! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chiles, you'll get a bowl of queso that makes even this get-together better. >>> staying silent. it's time now for the poly side bar. tim scott says there could be as many as 30 candidates lining up to take his old job in the house of representatives. but he's refusing to comment on the most well-known of them all. former governor mark sanford who vanished for five days back in 2009. his staff said he was hike on the appalachian trail but he was in south america with a mistress who's now his fiancee. >>> a small group of letter carriers staged protests in washington, d.c. this week in an effort to raise awareness about the to posed legislation to reduce delivery days to five and cost 80,000 jobs. the s
industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> some s&p surprises this year. courtney back with us now with the big winners and losers. >> here's hoping you pick winners for 2012, but some stocks made some surprising moves. the benchmark s&p a500 up 13.4%. consumer discretion their sector coming in second and the best performing s&p 500 stocks, three of the top five are consumer discretionary names. pulte group up 187%. sprint up $142. whirlpool 114%. and bank of america, up 108%. few market watches predicted that one. but not everyone is a winner this year. utilities are off nearly 5% and energy barely positive for 2012. interestingly, it's a consumer discretionary name that fell the most, apollo group down 61%. advanced micro devices losing 56%. best buy losingrl
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from germany and asked, how did she get the unemployment rate -- improve the unemployment rate that quickly? she said they immediately made a decision to whether i saw the homes in germany. that's energy efficiency rate their future but all the people back to work and from the 3% as the kinds of things you could do. >> picking people up the inconvenient truths at one point was that movie and "avatar" sometimes supposed to be that movie. do you think there's an environmental movie to change peoples minds? >> the inconvenient truth is screaming loud for a sequel because the inconvenient truth has exposed the problem, but it is not ever really told us about his dissolution. i think the next step one has to do is people are waiting for a very important project as "avatar" with a convenient truth, other films are very good because no matter how you put it, as i said in my speech, people don't care if you're breathing republican era democratic era. people just want to breathe air. but when they go to the faucet, they want to turn on the water and know that water is clean and not pack
come up to me and say why are we doing what so many have fled from? >> germany? germany has universal health care. >> yeah. what the hell is he talking about? >> stephanie: it's jim demint. >> it doesn't have to make sense. he's jim demint. >> ah. >> stephanie: he put a hold on the national women's history museum. we know all we need to know about chicks. he confuses the chicago teacher's strike with violence in the middle east. he said i was reading another story about a distance place where thugs had put 400,000 kids out on the streets, and then i realized it was a story about the chicago teacher's strike. and then he accuses president obama of taxing christmas. [ applause ] >> taxing christmas. >> stephanie: it's not even worth my energy to explain. >> how do you tax christmas? >> stephanie: you don't, and that's why -- you don't. you don't. [ sighs ] >> stephanie: like that added anything to the show. >> you want an angel on the top of the tree it is going to cost you. obama is going to charge you a million dollars. >> stephanie: all right. forty-six minutes afte
the kind of transition you had in germany? today germany is to lay prosperous country. will south korea consider the north koreans to be their cousins and brothers? there is a huge disparity at this point. you can see the physical difference because of the questions of nutrition and the way they are raised. is a total state based on fear. the challenge is to figure out how to absorb water looking like two or three lost generations. host: foreign policy in review with eli lake. you can give us a call. 202-585-3881 for republicans. 202-585-3880 for democrats. 202-585-3882 for independen ts. you can send us the tweet or e- mail, f twitter.com/cspanwj, journal@c-span.org. john kerry for secretary of state and chuck cale for secretary of defense -- chuck hayes cogel. how will these nominations go/ guest: chuck hagel has not been nominated yet. john kerry was announced by the white house on friday. the fact that kerry was announced does not bode well for the trial balloon of chalk .eguck hagel we have seen john mccain say they are going to vote for him. chuck hagel has been questioned by a nu
't all the countries out there. both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the individual level, but capital gains and other taxes, first you earn money and then you invest it in companies and if you take a look at corporate income tax and all of the companies you threw up, the united states has the highest -- >> the united states doesn't have the highest effective corporate tax rate. they have the highest marginal tax rates and most companies as you know, including general electric, the biggest, don't pay any taxes. right? >> the marginal tax rate is the tax rate that matters on the actual dollar earned. when we look at canada, about 17%, the europea
germany. >>> it's the top of the hour. you're in the "cnn newsroom." i'm martin savidge. let's a pleasure to be with you. >>> right now in the nation's capital, senators are working to try to keep all of us from going off that fiscal cliff. we've been talking about that for what seems like, well, forever. they've got to reach a deal by new year's day. here's what's happening right now. senate leaders on both sides are trying to reach a budget deal hoping to avert a 2% hike in everyone's paychecks early next year. plus 2 million unemployed people stand to lose their jobless benefits. jessia yellen, the president says he's optimistic but he sure had a firm tone after meeting with the senate and house leaders yesterday. let's just give that a listen. >> so the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. well, we're now at the last minute. and the ame
is watching. the use of chemical weapons is and would be unacceptable. >> germany's cabinet has now approved setting up anti-missile batteries. nato emphasizes this isn't seen as an intervention shun. what turkey is concerned about are those short-range missiles possibly falling into the wrong hands. secretary of state hillary clinton is in a meeting today, and it is likely during the meeting it will come up that they will talk about trying to get a un peace process for syria back on track. meanwhile u.s. authorities are monitoring what is going on there. and there was news yesterday that they were starting to mix the chemical weapons and move them around, and now they are possibly getting ready to load them on missiles whether or not that are getting ready to load them on planes we'll have wait and see. state with us. more after the break. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough.
. they were competing at the time against a bid from germany's deutsche bores. both of those offers ran up against tremendous scrutiny for u.s. and eu regulators. the euro nyse shares shot up 20%. >> how republicans plan to bring their tax bill to a vote today as tensions over fiscal cliff rise. it's still unclear what the plan b will look like. president obama says he will veto the bill, which has raced tax rates for people making more than $1 million a year. the president says he's puzzled by what's holding up talks and that house republicans should, quote, stop trying to score a point against hem. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deaf sigz reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. she should be proud of it. but they continue to find ways to say no as opposed to saying yes. >> minority leader mitch mcconnell says there's still time to reach a deal by the end of the week. >> dan joins us now. dan, mitch mc
laws. guest: i do not think that will solve the problem. germany has the strongest gun- control laws in the world paying big in chin. in china, individuals cannot own any arms. we have the same kinds of violent situations going on. in connecticut they had some of the strongest gun-control laws in the country and it still occurred there. let's look at the problems that caused this to occur. let's focus on solving those problems instead of just saying it is guns. right now today in connecticut, also weapons -- an assault weapon is a machine gun. they are already controlled. someone cannot just go to the store and buy an assault weapon today. it is not about clips or number of rounds in a gun. we have to focus upon those problems that caused this young man to snap, to kill his mom. i cannot imagine that. and then go and kill six-year oldss. the guns did not make him do that. the guns were not evil. he is evil, his act is evil. we need to deal with what caused the problems. i don't think the guns caused it. host: back to your home state of georgia, james is on the phone on the independen
opportunities, erin, overseas? you know, the dax, for instance, out of germany, up 30% this year. should we be looking overseas for a good return? >> personally with our investors i actually guide them more towards u.s. stocks. in fact one of the things we look at, are u.s. companies that don't have a lot of european exposure. ashley: yeah. >> certainly northern europe is still doing well but i just find that entire area, it is a little too much risk than what it's worth when you can still invest in the u.s.. ashley: what about china? we're getting some very good manufacturing numbers out today. highest in a year and a half. that sound like a lot of solid growth? >> yes. so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely. glad you
services, germany, ms. jade sexton. [applause] >> thank you, mr. speaker. with this issue, no young person is employable for the reasons for us was reasons against why they should or shouldn't be to make you in the coming year. the first one is obviously not people vote for us to be today also vote for this issue. this shows that they feel we have a parliament and to tackle what they seek is obviously an issue. and at the least supported by statistics statistics, which show youth unemployment is high and they are great between the years 2011 and 2012, even though there has been a decrease in octavo. if the opposition pointed out, this is probably the generation of the highest rate of unemployment. this was also pointed out that the rate increase, so does the level of health. with more young people participating to gain experience in a workplace environment. the question is, do we really need to increase the level of support for unemployed young people? is there support out there for them? is that not known where to go for help is available. in my school, we do work experience. it used to b
leaving the national effort for taxpayers. with germany and france, we have taken this work forward. and we will make it an important priority of our presidency next year. in total, we expect the action we announce today will increase the amount of money collected from tax evasion and avoidance by a further 2 billion pounds a year. fair and necessary. it is not enough by itself. we need to ask more from the other half. punitive tax rates do nothing to raise money and discourage enterprise and investment in britain. other countries are trying that approach on our doorstep, and they are paying the price. we are not going to make that mistake. in the first year, tax revenues from the rich will buy 7 billion pounds. a number of people declaring income was over a million pounds and fell by half. he tax rate on the rich, the rate is a tax con. we will have a tax that supports enterprise and we will raise more money from the rich. here is a simple fact. the richest will pay a greater share of income tax revenue is in every single year of the coalition government, and in any one of the 13 y
installed bulbs on the new year's eve ball in times square. and in germany, an animal keeper holds a tomato frog in her hand. hot shots, pictures coming in from around the world. >>> the military puts tremendous time and resources into designing camouflage, and it could soon make them disappear. here's cnn's pentagon correspondent, chris lawrence. >> reporter: camouflage can be the difference between a soldier getting shot and going home. so a lot's riding on the next generation designed to outfit troops. it's only been eight years since the army spent $5 billion on m camo that critics say didn't fool anyone. soldiers complained to the paint where the army abandoned their one size fits all universal pattern. so they were looking for camouflage that they could use everywhere? >> correct. and it didn't work anywhere. >> reporter: guy cramer is one of the designers competing to win the army's next multi-million dollar contract. this summer, he showed us the science behind every shape, size, and shade of these pixels. >> you now have your camouflage. so we're trying to trick the brainseeing t
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